Case Brief
The Reserve Bank of India imposed a penalty on DCB Bank Limited by order dated February 06, 2026, after supervisory examination (ISE 2025) found non-compliance with RBI directions relating to loans extended against pledge of gold ornaments and jewellery for non-agricultural end uses. RBI said the bank failed to maintain the prescribed loan-to-value ratio in certain non-agricultural gold loan accounts during the tenure of the loans. The penalty was imposed under section 47A(1)(c) read with section 46(4)(i) of the Banking Regulation Act, 1949.
Action Snapshot
- Primary Impact
- Fine: Rs 29.6 L
- Entity Type
- Bank
- Action Type
- Monetary penalty